Argentine lawyers have filed a lawsuit against the country's president, Javier Milei, alleging fraud for his involvement in the LIBRA token project, a scandal that escalated after it broke out over the weekend when the token's value plummeted 95% after Milei's initial promotion. "This illegal group committed a fraud in which the president's actions played a key role," said plaintiff Jonatan Baldiviezo. Another plaintiff, Claudio Lozano, is an economist who once served as president of Argentina's central bank; a lawyer and an engineer have also joined the lawsuit. The judge in the case could be appointed as early as tomorrow.

Regarding the LIBRA token, Jupiter, a decentralized exchange in the Solana ecosystem, said on the X platform: “A few members of the team learned directly from Kelsier Ventures about two weeks ago that at some point, there would be a token project related to Argentine President Javier Milei. Although we were skeptical at first, we then saw credible evidence on Twitter from Milei’s personal account that he was serious about this. That’s all we know. We have no knowledge of the transactions between Milei and market makers and have never participated in any form.”

PANews reported on February 16 that Token Unlocks data showed that MURA, MELANIA, FTN and other tokens will be unlocked in large amounts next week, including: Murasaki (MURA) will unlock about 20 million tokens at 8:00 am Beijing time on February 23, which is 2.00% of the current circulation and worth about 85.4 million US dollars; Melania Meme (MELANIA) will unlock about 61.25 million tokens at 8:00 am Beijing time on February 20, which is 40.83% of the current circulation and worth about 81.5 million US dollars; Fasttoken (FTN) will unlock about 20 million tokens at 8:00 am Beijing time on February 18, which is 4.66% of the current circulation and worth about 78.6 million US dollars; QuantixAI (QAI) will unlock about 565,700 tokens at 8:00 am Beijing time on February 18, which is 10.88% of the current circulation and worth about 48.2 million US dollars; Metars Genesis (MRS) will unlock about 10 million tokens at 8:00 a.m. on February 21, Beijing time, accounting for 11.87% of the current circulation and worth about $29.2 million; Immutable (IMX) will unlock about 24.52 million tokens at 8:00 a.m. on February 21, Beijing time, accounting for 1.41% of the current circulation and worth about $20.1 million; ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 p.m. on February 17, Beijing time, accounting for 2.16% of the current circulation and worth about $11.4 million; Pixels (PIXEL) will unlock about 91.18 million tokens at 6:00 p.m. on February 19, Beijing time, accounting for 11.83% of the current circulation and worth about $6.3 million; SPACE ID (ID) will unlock about 18.49 million tokens at 8:00 a.m. on February 22, Beijing time, accounting for 4.29% of the current circulation and worth about $5.9 million; Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 a.m. Beijing time on February 17, accounting for 1.37% of the current circulation and worth approximately US$5 million.

PANews reported on February 16 that according to Cointelegraph, CoinGlass data showed that as of 10:35 am UTC on February 16, more than 70% of ETH options open contracts were bullish contracts. Nansen research analyst Nicolai Sondergaard said that bullish positions indicate that investors are cautiously optimistic about ETH's medium-term appreciation. However, although ETH has not yet seen a significant recovery in the current cycle, the price is still about 44% lower than the historical high of more than $4,890 three years ago (November 2021).

PANews reported on February 16 that Binance co-founder CZ posted on the X platform that he heard that the BNB Chain team is making a new video tutorial to teach people how to create AI agents on the BNB Chain.

Solayer developer Chaofan Shou tweeted that he joined Solayer as part of the Fuzzland acquisition. I am not the founder of Solayer, just a core developer, and the funds lost are personal funds. I have accumulated wealth through active investments in ETH and multiple projects over the past few years, and also traded memecoin. Losing $1 million is nothing to me personally - but I feel very sad for Solana. These conspiracy groups are ruining SOL.

KIP Protocol tweeted in response to the statement from the Argentine President's Office, stating that: Mauricio Novelli was not a member of the KIP Protocol team in the past and has never joined. Novelli is the founder of TechForum Argentina, which KIP Protocol sponsored in October 2024. KIP Protocol never had any meeting with Javier Milei in January 2025.

According to Spot On Chain monitoring, trader "6jnGR" spent 2,536 SOL (478,000 USD) to buy 1.19 million LIBRA about 4 hours ago. Although he had lost 4,570 SOL before. Trader "AjqxR" spent 448,000 USDC to buy 980,000 LIBRA about 4 hours ago, and had previously lost $937,000 (-52%).

According to Lookonchain, a trader who made $1.3 million on TRUMP used insider information to make a profit of $6.72 million on LIBRA. Before LIBRA went online, the trader created two new wallets and transferred funds to the new wallets to buy LIBRA. As soon as LIBRA went online, he used these two wallets to spend $2.02 million to buy 5.08 million LIBRA, and quickly sold them at $8.74 million, making a profit of $6.72 million.

On October 19, President Javier Milley met with representatives of KIP Protocol in Argentina, where he was informed of the company’s intention to develop a project called Viva la Libertad to finance private businesses in the Argentine Republic using blockchain technology. The meeting was attended by the President of the country, which has been officially recorded in the Register of Public Hearings; KIP Protocol company representatives Mauricio Novellli and Julian Peh; and presidential spokesman Manuel Adorni.

According to Reuters, Argentine President Javier Milei may face impeachment in Congress for accusing him of promoting a cryptocurrency rug pull that caused the token's market value to plummet from $4 billion to $418 million in a few hours. Argentina's Fintech Chamber admitted that the case may be a "scam," in which the developers of crypto tokens attracted legitimate investments, inflated their value, and then sold them off. "This scandal has brought us shame internationally and an impeachment petition must be launched against the president," said Leandro Santoro, a member of the opposition coalition and a member of the parliament.